EURJPY moving in a channel.

EURJPY - Intraday - We look to Buy at 140.40 (stop at 139.80)

Selling pressure from 141.98 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
Previous support located at 140.55.
Further upside is expected although we prefer to buy into dips close to the 140.40 level.

Our profit targets will be 141.80 and 142.10

Resistance: 142.70 / 144.85 / 148.40
Support: 140.90 / 139.10 / 136.95

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